Saturday, January 31

Business

Nigerians spend N1.54tn on beer, others in nine months

Major listed brewers in Nigeria generated a combined revenue of over N1.54tn from the sale of beer and other non-alcoholic drinks in the first nine months of 2025, indicating the estimated amount spent by Nigerians on brewery products during the…

Interswitch unveils nine finalists for national science contest

Interswitch, one of Africa’s leading integrated payments and digital commerce companies, has concluded the semi-final stage of the seventh edition of its flagship Corporate Social Responsibility initiative, the InterswitchSPAK National Science Competition, unveiling nine students who will compete at the…

Ogun launches UN-backed biodiversity data training

The Ogun State Commissioner for Forestry, Engr Taiwo Oludotun, has officially opened the Collect Earth and Mapathon Data Collection Training, describing the programme as a vital step towards strengthening data-driven forest governance and biodiversity conservation in Nigeria. The training, organised…

BTC-To-Gold Ratio Hits New Lows As Gold Rally Continues

Gold’s record-breaking rally inadvertently put pressure on Bitcoin’s allure, but analysts say historical data shows BTC eventually starts a catch-up rally.Bitcoin’s (BTC) relative performance against gold has weakened sharply, but several analysts argue that this setup remains a long-term investment…

International Breweries appoints new MD

International Breweries Plc has appointed Nicholas Kade as its new Managing Director, effective 1 March 2026, following the transition of Carlos Coutino to a leadership role at parent company Anheuser-Busch InBev. In a statement on Tuesday, IBPLC said Coutino, who…

Bitcoin ‘Strong Support’ Gets a Macro Boost From Trump WEF Speech

Bitcoin (BTC) sought a $90,000 reclaim around Wednesday’s Wall Street open as US President Donald Trump pledged to sign pro-crypto legislation.Key points:US President Donald Trump breathes modest gains into BTC price action with his World Economic Forum speech.Pro-crypto legislation is…

IMF warns central banks against aggressive rate cuts

The International Monetary Fund has called on governments to rebuild fiscal capacity and keep public debt under control as spending pressures rise. In its 13-page World Economic Outlook update, published on Monday, the Fund urged countries to pursue medium-term fiscal…

First FTX-Linked Exec to be Released from Prison Today

Caroline Ellison, the former CEO of Alameda Research, is scheduled for release from federal custody after serving 440 days of a two-year sentence.According to inmate records with the Federal Bureau of Prisons, Ellison is expected to be released from the…

Seplat Energy commences gas production from ANOH project

Seplat Energy Plc, a Nigerian independent energy company listed on the Nigerian Exchange Limited and the London Stock Exchange, has commenced gas production from its 300 MMcfd ANOH gas project. The project began supplying gas to Indorama Petrochemical Plant following…

Ripio CEO Bets on Local Stablecoins in Latin America

Argentine exchange Ripio is leaning into local currency stablecoins and tokenized bonds as CEO Sebastián Serrano braces for what he expects to be a “lateralized” or down year for crypto in 2026 — but a decade-long boom for stablecoins. Founded in…

NGX recovers, adds N93bn to market capitalisation

Stocks closed higher on Tuesday as the Nigerian Exchange reversed losses from the previous session, with market capitalisation rising by N93.48bn to N106.44tn from N106.34tn on Monday. The All-Share Index also edged up by 144.33 points, or 0.09 per cent,…

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